Press release
Global MICE Market Size projected to Reach USD 2,057.9 Billion by 2033 | CAGR of 5.93%.
The global MICE market size reached USD 1,225.1 Billion in 2024, and it is projected to grow to USD 2,057.9 Billion by 2033, exhibiting a CAGR of 5.93% during the forecast period of 2025-2033. Growth is propelled by globalization, economic development in host cities, and a rising focus on sustainability and CSR, alongside increased emphasis on professional networking.
Study Assumption Years
• Base Year: 2024
• Historical Period: 2019-2024
• Forecast Period: 2025-2033
MICE Market Key Takeaways
• Current Market Size: USD 1,225.1 Billion in 2024
• CAGR: 5.93% (2025-2033)
• Forecast Period: 2025-2033
• The market is segmented by type into meetings, incentives, conferences, and events.
• Geographically segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
• Asia Pacific is the largest market in 2024, driven by economies like China and India and infrastructure investments.
• The industry faces challenges managing rapid technological advancements but finds opportunities in hybrid events combining virtual and in-person participation.
Sample Request Link: https://www.imarcgroup.com/mice-market/requestsample
Market Growth Factors
The increasing globalization of businesses significantly drives the MICE market. According to a Standard Chartered Bank report cited, while corporations in Europe (84%) and the Americas (74%) prioritize these home regions for growth, Asia Pacific (55%) remains a prime target for international expansion, alongside South America (38%), Middle East (32%), and Africa (17%). This globalization trend expands the need for international meetings, conferences, and exhibitions where global professionals can connect and share insights.
Economic development in host cities and countries also fuels market growth. The exhibition industry contributes USD 325 billion to the global economy with about 32,000 exhibitions held annually worldwide. In India, the MICE sector generated Rs. 3 lac crores through exhibitions at 25 purpose-built venues with 437,000 sqm of indoor capacity, boosting local economies via spending on hospitality and transportation while strengthening the region's reputation as a business events hub.
Sustainability and corporate social responsibility (CSR) have grown as critical market drivers. The travel and tourism industry's greenhouse gas emissions rose annually by 2.5% between 2010-2019, reaching 4,131 billion kilos of CO2, around 8.1% of global emissions. Growing numbers of organizations and attendees now prefer environmentally responsible events. Demand for sustainable MICE activities emphasizing waste reduction, energy efficiency, and sustainable sourcing supports market growth, as companies integrate these green practices into their event management.
Market Segmentation
By Type:
• Meetings: Characterized by gatherings aimed at discussion, decision-making, and education. These include corporate, board, and team meetings ranging from intimate to large formal assemblies. Meetings support direct communication, collaboration, and strategic planning, with rising emphasis on organization efficiency and technology integration.
• Incentives: Focuses on reward-based travel experiences that motivate and recognize employees or partners, often involving luxury destinations and exclusive activities. These experiences enhance satisfaction, loyalty, and performance, benefiting organizational success.
• Conferences: Professional and academic gatherings to discuss mutual interests, research, and advancements. They facilitate education and networking, offering workshops and connections with global peers and thought leaders.
• Events (Exhibitions): Involves showcasing new products and services to industry professionals and the public, serving as platforms for innovation displays, customer engagement, and business relationship development.
Regional Insights
Asia Pacific is the dominant region in the MICE market in 2024, driven by the expansive economies of China, India, Singapore, and South Korea. The strategic geographical location, a burgeoning middle class with growing disposable incomes, and significant infrastructure investments enhance its positioning as a hub for international conferences, exhibitions, and corporate meetings. The region benefits from advanced venues, technological advances, and rich cultural experiences that foster growth.
Contact Out Analysts for Brochure Requests, Customization, and Inquiries Before Purchase: https://www.imarcgroup.com/request?type=report&id=12623&flag=C
Recent Developments & News
• June 2025: Seoul simplified its MICE support program, reducing steps to enable faster subsidies, supporting 73 events with over 12,000 international attendees, enhancing large-scale group tourism and competitiveness.
• May 2025: India announced plans to become a global MICE hub, focusing on infrastructure like Bharat Mandapam and Yashobhoomi, aiming to develop 10 top MICE cities to boost employment and global event competitiveness.
• October 2024: Mach Conferences & Events Ltd. secured an INR 21.8 Crore contract for organizing an international MICE event with 820 participants in Switzerland, reinforcing India's global MICE sector presence.
• November 2024: Saudi Arabia hosted the inaugural International MICE Summit in Riyadh with 1,000 global leaders, supported by infrastructure expansions and a SAR 588 million incentive program, marking the country as the fastest-growing G20 MICE market.
• October 2023: ITL World received 'Leading Travel Management Company in Kuwait' award for excellent performance at an event hosted at The Atlantis Royal in Dubai.
Key Players
• Aviareps AG
• BCD Group
• Beyond Summits Ltd.
• Capita Plc
• Imc International.
• ITL World Company
• Questex
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
👉 Get Custom Market Research for Your Business:- https://www.imarcgroup.com/request?type=report&id=12623&flag=E
Contact Us
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No: (D) +91 120 433 0800
United States: +1-201971-6302
About Us
IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global MICE Market Size projected to Reach USD 2,057.9 Billion by 2033 | CAGR of 5.93%. here
News-ID: 4387607 • Views: …
More Releases from IMARC Group
Urea Prices, Trend, News, Index, Demand, Supply and Forecast 2026
Northeast Asia Urea Prices Movement Jan 2026
In January 2026, urea prices in Northeast Asia increased to USD 0.26/kg, reflecting an 8.3% rise. The upward movement was driven by stronger agricultural demand, seasonal restocking activities, and firm export inquiries. Limited spot availability and steady feedstock ammonia costs further supported the region's positive pricing momentum.
Get the Real-Time Prices Analysis: https://www.imarcgroup.com/urea-pricing-report/requestsample
Africa Urea Prices Movement Jan 2026
Urea prices in Africa remained unchanged at USD…
Logistics Market to Reach USD 8.2 Trillion by 2034, Growing at a CAGR of 3.71%
Market Overview:
The Logistics Market is experiencing steady expansion, driven by autonomous decision-making through AI enablement, normalization of fragile supply chains, and heightened demand for specialized logistics services. According to IMARC Group's latest research publication, "Logistics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2026-2034", The global logistics market size was valued at USD 5.9 Trillion in 2025. Looking forward, the industry is projected to reach USD 8.2 Trillion…
Mushroom Market to Reach USD 123.7 Billion by 2034, Growing at a CAGR of 5.57%
Market Overview:
The Mushroom Market is experiencing steady expansion, driven by rising shift toward plant-based meat alternatives, acceleration of biotech integration in fungal research, and growing adoption of sustainable indoor vertical farming. According to IMARC Group's latest research publication, "Mushroom Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2026-2034", The global mushroom market size was valued at USD 76.0 Billion in 2025. Looking forward, IMARC Group estimates the market…
Cryptocurrency Market Size to Hit USD 6,394.1 Billion in 2034 | Grow CAGR by 9.6 …
Market Overview:
The cryptocurrency market is experiencing rapid growth, driven by institutional capital and corporate treasury adoption, global regulatory formalization and implementation, and expansion of scalability and layer-2 infrastructure. According to IMARC Group's latest research publication, "Cryptocurrency Market Size, Share, Trends and Forecast by Type, Component, Process, Application, and Region, 2026-2034", the global cryptocurrency market size reached USD 2,734.6 Billion in 2025. Looking forward, IMARC Group expects the market to reach…
More Releases for MICE
Humanized Mice Model Market - From Mice to Medicine: Redefining Research with Im …
Newark, New Castle, USA - new report, titled Humanized Mice Model Market The report has been put together using primary and secondary research methodologies, which offer an accurate and precise understanding of the Humanized Mice Model market. Analysts have used a top-down and bottom-up approach to evaluate the segments and provide a fair assessment of their impact on the global Humanized Mice Model market. The report offers an overview of…
Thailand MICE Forum 2019 Brings World's MICE Leaders Together
Bangkok, 25 September 2019 – The Thailand Convention and Exhibition Bureau (TCEB) recently successfully staged the Thailand MICE Forum 2019 and for the first time brought together leaders of the world's top MICE organisations under one roof in Bangkok, helping to drive Thailand towards its goal of becoming Asia's top MICE destination.
In just its third year, the event attracted leaders of the world's most prominent MICE associations including Mr. Philip…
Mice Model Market (Type - Transgenic Mice Model, Knockout Mice Model, Carcinogen …
Biomedical research has taken a front seat in the healthcare and pharmaceutical industries, to a point where a nation’s research and development landscape can be gauged by its level of investment in biomedical research. The past decade has consequently witnessed a staggering rise in biomedical research in most countries, both developed and developing. A significant part of this research investment typically goes into animal models, more specifically, mice models. This…
Global Mice Model Market |mice model, transgenic mice, knockout mice, knockout m …
Market Research Reports Search Engine (MRRSE) has been serving as an active source to cater intelligent research report to enlighten both readers and investors. This research study titled “Mice Model Market “
Mouse is a popular model system because it is a mammal with sophisticated genetic tools and significant genetic resources. The prospect of the mice as a model for exploring human pathophysiology and disease progression and for developing drugs is…
Mice Model Market: Mice Model Usage Increases in Scope Through Advanced Models
Biomedical research has taken a front seat in the healthcare and pharmaceutical industries, to a point where a nation’s research and development landscape can be gauged by its level of investment in biomedical research. The past decade has consequently witnessed a staggering rise in biomedical research in most countries, both developed and developing. A significant part of this research investment typically goes into animal models, more specifically, mice models. This…
Mice Model Market - Development of mice models of human diseases has progressed …
Mouse is a popular model system because it is a mammal with sophisticated genetic tools and significant genetic resources. The prospect of the mice as a model for exploring human pathophysiology and disease progression and for developing drugs is likely to be further widened by the introduction of new models such as immunedeficient and humanizing mouse in which human tissues and cells or genes are reconstituted. With 99% of their…
